Wintermar: nine-month operating profit up 67.6% to $24.7 million
Indonesian offshore vessel operator Wintermar lifted 9M2026 operating profit 67.6% to $24.7 million on 30% revenue growth, per Reuters.
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what happened
Indonesia's Wintermar Offshore Marine reported that operating profit for the nine months to September 2026 climbed 67.6% to $24.7 million, according to Reuters. Revenue rose 30%, helped by additional high-tier vessels in operation and firmer charter rates.
Fleet utilization in the third quarter slipped to 54% from 62% in the second, as three high-tier ships finished long-term contracts. Net attributable profit, including a one-off gain, reached $17.7 million versus $9.2 million a year earlier.
why it matters
For markets this is a small offshore services company, but its figures point to tight supply of support vessels worldwide and firm charter rates. The company also links its outlook to Brent averaging above $114 a barrel in September and to rising offshore spending. These are the company's own views, so they should be read as its assessment rather than confirmed market data.
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sources
- Results for Third Quarter Ending 30 September 2026 — Reuters, 2 November 2026 at 02:03 UTC
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